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Altaris’ Deal For Analogic Clears Regulatory Hurdle

By Cal Biesecker

Monday, April 30th, 2018

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Altaris’ Deal For Analogic Clears Regulatory Hurdle

Analogic's computed tomography-based ConneCT checkpoint scanner. Photo: Analogic

Analogic Corp. [ALOG] on Monday said its pending $1.1 billion acquisition by the private equity firm Altaris Capital Partners has received approval by U.S. regulators.The Federal Trade Commission provided early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, clearing one hurdle on the way to completion of the acquisition, which is still expected in mid-2018. Analogic’s shareholders must still approve the deal.Following a 10-month strategic review of alternatives, Analogic in early April announced that Altaris has agreed…

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